Securities Lawyers Blog

Broker Jeffrey Lieberman in Morgan Stanley Firm Has Customer Complaint

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Lieberman (Lieberman), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Lieberman recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $2,000,000.00 on August 05, 2024.

Claimant alleged, inter alia, misrepresentation with respect failure to disclose the risks and cost associated with Liquidity Access Line – June 2009 to August 2023

Broker Eric Overvig in Feltl & Company Firm Has Customer Complaint

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Eric Overvig (Overvig), currently associated with Feltl & Company, has at least one disclosable event. These events include one customer complaint, alleging that Overvig recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $64,712.00 on August 02, 2024.

Client deceased (1/15/2024), complainant is [REDACTED] who is personal representative on his estate and was former guardian on IRA account (as of 3/27/2023). Complainant alleges unsuitable investments and breach of fiduciary duty. Client transferred into firm, following RR’s transition to the firm, in June 2019. Client bought a position in June 2000 and three additional positions in December 2000. The remaining transactions were unsolicited sales to generate funds for distributions either by the client or the complainant/guardian. The dates involved in the allegations would be June 2019 to January 2024. The actual net losses on the account given the market value of the account received in June 2019, less distributions either to the client, or for taxes, was approximately $4500.

There are Recent Customer Complaints with Broker Ellen Harless in Firm Stifel, Nicolaus & Company, Incorporated

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ellen Harless (Harless), previously associated with Stifel, Nicolaus & Company, Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Harless recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $750,000.00 on August 06, 2024.

Claimant alleges breach of fiduciary duty, civil conspiracy, negligence and unjust enrichment.

There are Recent Customer Complaints with Broker Kim Kunz in Firm Westpark Capital, Inc.

April 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kim Kunz (Kunz), previously associated with Westpark Capital, Inc., has at least one disclosable event. These events include one regulatory event, alleging that Kunz recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 05, 2024.

Without admitting or denying the findings, Kunz consented to the sanctions and to the entry of findings that he willfully violated Rule 15/-1(a)(I) of the Exchange Act (Reg Bl) by recommending that two retail customers invest in a speculative, unrated debt security. The findings stated that the bonds that Kunz recommended to the customers were considered speculative, involved a high degree of risk, were illiquid, and were only suitable for persons with substantial financial resources and with no need for liquidity. Both customers had a stated moderate risk tolerance with an investment object of income and neither included speculation.

Broker Daniel Hoeflinger in Goldman Sachs & Co. LLC Firm Has Customer Complaint

April 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Hoeflinger (Hoeflinger), previously associated with Goldman Sachs & Co. LLC, has at least one disclosable event. These events include one regulatory event, alleging that Hoeflinger recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 08, 2024.

Daniel Hoeflinger was named a respondent in a FINRA complaint alleging that he failed to provide information and documents requested by FINRA in connection with its investigation of allegations made by his member firm on Hoeflinger’s Form U5. The complaint alleges that Hoeflinger’s firm discharged him for integrity concerns that he had provided false information, including documentation, in connection with a paid leave of absence.

There are Recent Customer Complaints with Broker Joseph Brandefine in Firm J.P. Morgan Securities LLC

April 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Brandefine (Brandefine), previously associated with J.P. Morgan Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Brandefine recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $125,000.00 on August 09, 2024.

Customer alleges unsuitable sale of alternative investment product.

Broker Trevor Fried in Morgan Stanley Firm Has Customer Complaint

April 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Trevor Fried (Fried), currently associated with Morgan Stanley, has at least one disclosable event. These events include one customer complaint, alleging that Fried recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on August 09, 2024.

Claimant alleges, inter alia, misrepresentation with respect to covered call option trading strategy – August 2023 through January 2024.

There are Recent Customer Complaints with Broker David Boral in Firm D. Boral Capital

April 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker David Boral (Boral), currently associated with D. Boral Capital, has at least one disclosable event. These events include one customer complaint, alleging that Boral recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $1,000,000.00 on August 08, 2024.

Claimant seeks return of funds for IPO transaction that never took place in May of 2024.

Broker Carlos Freire in UBS Financial Services Incorporated of Puerto Rico Firm Has Customer Complaint

April 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Carlos Freire (Freire), previously associated with UBS Financial Services Incorporated of Puerto Rico, has at least one disclosable event. These events include one customer complaint, alleging that Freire recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on August 09, 2024.

Time frame: Unspecified.\, Allegations: Claimant alleges the investments in Puerto Rico closed-end funds were unsuitable, over-concentrated, and misrepresented as safe investments.

Broker Steven Cox in UBS Financial Services Inc. Firm Has Customer Complaint

April 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Cox (Cox), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Cox recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $79,331.92 on August 07, 2024.

Time Frame: August 2nd, 2024 to August 7th, 2024\, \, What were the allegations against the individual? \, ALLEGATIONS – The client alleges that the Financial Advisor failed to follow instructions to liquidate positions.